Here are my current guesses for various
federal income tax neutral "flat" taxes:
$3333 per head
$9000 per household
15% of expenditure
?% of income
(are these similar? what's the
national savings rate?)
2.5% of wealth
Are there better reasons for supporting
one of these over another (or the status
quo) than looking at one's own household
size, wealth, and income, and then voting
to have someone else foot the bill?
-Dave
(50% of $2T federal revenue,
300m pop., 110m households
$40T net wealth)
An older chart, from "FICA/Medicare"
<http://www.xent.com/FoRK-archive/2001.04/0611.html>
effective cumulative
income tax percentage
----------- ----------
none 23
under 5 38
under 10 67
under 15 89
under 20 97
under 25 99
under 30 100
under 35 100
under 40 100